An induction electric motor or asynchronous motor can be an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding. … An induction motor’s rotor can be either wound type or squirrel-cage type.
Great things about AC Induction Motors are:

Induction motors are basic and rugged in construction. They are better quality and can operate in virtually any environmental condition
Induction motors are cheaper in expense due to simple rotor construction, absence of brushes, commutators, and slip rings
They are maintenance free motors unlike dc motors because of the lack of brushes, commutators and slip rings
Induction motors could be operated in polluted and explosive conditions as they do not have brushes which can cause sparks
AC Induction motors are Asynchronous Devices meaning that the rotor does not switch at the precise same speed as the stator’s rotating magnetic field. Some difference in the rotor and stator rate is necessary to be able to develop the induction into the rotor. The difference between your two is named the slip. Slip must be kept in a optimal range in order for the motor to use efficiently. ac motor Roboteq AC Induction controllers could be configured to operate in one of three modes:

Scallar (or Volts per Hertz): an Open loop mode where a control causes a simultaneous, fixed-ratio Frequency and Voltage change.
Controlled Slip: a Shut Loop speed where voltage and frequency are controlled to keep slip inside a narrow range while operating at a preferred speed.
Field Oriented Control (Vector Drive): a Closed Loop Velocity and Torque control that works by optimizing the rotating field of the stator vs. this of the induced field in the rotor.
Discover this video from Learning Engineering for a visual illustration about how AC Induction Motors are constructed and function.